Federation University BUACC1507 MYOB Sales & Receivables Journal

This document presents a solved sales and receivables journal assignment completed using MYOB accounting software. The journal entries cover transactions from July 1, 2018, to January 31, 2019, for Intermaweb Computer. It includes pre-conversion sales and regular sales transactions with details such as account numbers, account names, debit and credit amounts, and job numbers. The transactions involve accounts receivable, sales revenue, GST collected, cost of sales, and inventory. Key customers include Hypertronics, Pikea, and Turbo Tech. The assignment demonstrates the application of accounting principles in recording sales and receivable activities within the MYOB environment, culminating in a grand total for both debit and credit columns.

Intermaweb Computer (Mahesh Majhi)
819 Cuthbert Drive
Hobart, TAS, 7000
Australia
Sales & Receivables Journal
7/1/2018 To 1/31/2019
5/30/2019
5:52:31 PM
Page 1
ID# Acct# Account Name Debit Credit Job No.
SJ 12/11/2018 Pre-conversion sale
00000001 1-1200 Accounts Receivable $10,000.00
00000001 1-1200 Accounts Receivable $1,000.00
00000001 1-1200 Accounts Receivable $11,000.00
SJ 12/16/2018 Pre-conversion sale
00000002 1-1200 Accounts Receivable $7,570.00
00000002 1-1200 Accounts Receivable $757.00
00000002 1-1200 Accounts Receivable $8,327.00
SJ 12/24/2018 Pre-conversion sale
00000003 1-1200 Accounts Receivable $13,440.00
00000003 1-1200 Accounts Receivable $1,344.00
00000003 1-1200 Accounts Receivable $14,784.00
SJ 1/5/2019 Sale; Hypertronics
00003410 1-1200 Accounts Receivable $11,400.00
00003410 1-1200 Accounts Receivable $1,140.00
00003410 4-1100 Sales Revenue $11,400.00
00003410 2-1310 GST Collected $1,140.00
00003410 5-1100 Cost of Sales $7,560.00
00003410 1-1300 Inventory $3,320.00
00003410 1-1300 Inventory $4,240.00
SJ 1/11/2019 Sale; Hypertronics
00003411 1-1200 Accounts Receivable $15,300.00
00003411 1-1200 Accounts Receivable $1,530.00
00003411 4-1100 Sales Revenue $15,300.00
00003411 2-1310 GST Collected $1,530.00
00003411 5-1100 Cost of Sales $10,260.00
00003411 1-1300 Inventory $6,640.00
00003411 1-1300 Inventory $3,620.00
SJ 1/19/2019 Sale; Pikea
00003413 1-1200 Accounts Receivable $25,500.00
00003413 1-1200 Accounts Receivable $2,550.00
00003413 4-1100 Sales Revenue $25,500.00
00003413 2-1310 GST Collected $2,550.00
00003413 5-1100 Cost of Sales $17,220.00
00003413 1-1300 Inventory $10,860.00
00003413 1-1300 Inventory $6,360.00
SJ 1/21/2019 Sale; Turbo Tech
00003412 1-1200 Accounts Receivable $66,400.00
00003412 1-1200 Accounts Receivable $6,640.00
00003412 4-1100 Sales Revenue $66,400.00
00003412 2-1310 GST Collected $6,640.00
00003412 5-1100 Cost of Sales $43,990.00
00003412 1-1300 Inventory $11,620.00
00003412 1-1300 Inventory $29,190.00
00003412 1-1300 Inventory $3,180.00
SJ 1/25/2019 Sale; Pikea
00003413 1-1200 Accounts Receivable $13,250.00
00003413 1-1200 Accounts Receivable $1,325.00
00003413 4-1100 Sales Revenue $13,250.00
00003413 2-1310 GST Collected $1,325.00
00003413 5-1100 Cost of Sales $9,050.00
00003413 1-1300 Inventory $9,050.00

Intermaweb Computer (Mahesh Majhi)
Sales & Receivables Journal
7/1/2018 To 1/31/2019
5/30/2019
5:52:31 PM
Page 2
ID# Acct# Account Name Debit Credit Job No.
SJ 1/25/2019 Sale; Pikea
Grand Total: $267,226.00 $267,226.00